Some of the fashionable shared bicycles we ride every day are not as save as we thought.
Cheetah Global has come out with freshly-minted statistics on the state of the bike rental economy in the world. Public bicycles were first started in Europe but have seen their biggest success in the East starting from China’s dockless bike systems ofo and Mobike. According to the global distribution of active users gathered by Cheetah […]
Ride-hailing, bike rental, and food delivery services were all affected.
ofo raises $866 million in latest funding round led by Alibaba
China’s Mobike to restrict rider parking in Beijing as authorities tighten regulation on dockless bikes – SCMP What happened: Bike rental firm Mobike is prohibiting riders from parking outside of specified operational areas. The company has set a boundary that determines how far away from the city center users can park their bikes. If they park […]
Youon is one of the few Chinese bike rental companies still expanding overseas.
The company says it holds over 50% market share in terms of numbers of orders.
The company started registering a series of trademarks back in April.
China’s transportation industry is experiencing a swift change of powers for both two-wheel and four-wheel mobility services
The news of ofo’s E2-2 round comes amid rumors of acquisition by Didi Chuxing.